(02-19-2021, 11:16 PM)EricC85 Wrote: https://www.the-sun.com/news/2371047/tex...nd-freeze/

Someone help me understand this. I knew Texas had deregulated electricity, which I understood as it meant companies can compete for individual households and they are not locked into one option for power like we are. So what is this variable electric rate non-sense and why would anyone ever sign up for that? 

How the hell is someone ever going to pay a $17,000 electric bill that’s insanity!

The companies with variable rates only advertise their lowest historical rates, and then they put it in the fine print that the rate might go up by a lot.

If a lot of people refused to pay their jacked up bills, they'll end up with liens on their houses. But the bills still won't get paid, and the variable rate power company will still go bankrupt. should be enough to make sure this stupid business model goes away for good.

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